Opec splits show at Davos as Nigeria debates with Saudi Arabia | GulfNews.com:
"Less than two months after Opec nations sparred over oil policy in Vienna, they resumed the debate at Davos.
Nigeria’s oil minister, speaking on a panel at the World Economic Forum in the Swiss resort, said the Organisation of Petroleum Exporting Countries needs to meet soon as crashing prices force the group to reconsider its current laissez-faire policy. Saudi Arabia, represented by the chairman of its national oil company, said the kingdom won’t reverse course unless non-OPEC nations play their part in production cuts.
“If there are other producers willing to collaborate, Saudi Arabia will be willing also to collaborate,” said Khalid Al Falih, chairman of Saudi Arabian Oil Co, also known as Saudi Aramco. “But Saudi Arabia will not accept the role of — by itself — balancing a structural imbalance that is happening today.”"
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